Exploration Update

AIM: KEFI

13th June 2013

                               KEFI Minerals Plc                               

                          ("KEFI " or the "Company")                           

     ExCELLENT TRENCHING RESULTS FROM A NEW GOLD DIscovery AT JIBAL QUTMAN     
                              EXPLORATION PROJECT                              

KEFI Minerals, the AIM-quoted gold and copper exploration company with projects
in the Kingdom of Saudi Arabia, is pleased to announce additional trench
channel sampling and drilling results from the second drilling programme, and a
significant new gold discovery at the Jibal Qutman Licence. KEFI is the
operator for the project under the Company's 40%-owned Gold & Minerals Joint
Venture ("G&M").

HIGHLIGHTS

  * The new discovery at the 3K Hill gold prospect returned very encouraging
    trench channel sample results.
   
  * Trench sampling intercepts included 80m at 1.88g/t Au, 40m at 4.40g/t Au
    and 41m at 1.56g/t Au.
   
  * Mapping and sampling elsewhere on the Jibal Qutman Licence returned rock
    chip results from a number of new areas, including 19.1g/t Au, 16.4g/t Au
    and 6.4g/t Au from an area 2km north of the 3K Hill prospect.
   
  * Trenching and drilling over the Jibal Qutman Licence area is planned to
    continue in June 2013.
   
JIBAL QUTMAN PROJECT

Follow up mapping and trenching on rock chip samples (reported previously on
30th May) grading up to 17g/t Au in an area 3km north of the current area being
drilled at Jibal Qutman has resulted in a new gold discovery, called the "3K
Hill" prospect.

A series of seven trenches spaced 50m apart, over 300m of strike, have been
excavated over a small hill with minor ancient workings on north striking
quartz veins, dipping 30° to the east. Desert sands up to 1-2m thick surround
the hill to the west and south.

Assay results from five trenches have been received and have returned very
encouraging intercepts, including 80m at 1.88g/t Au, 40m at 4.40g/t Au and 41m
at 1.56g/t Au. The vein zone is interpreted to plunge beneath the southern-most
trench, Trench 8, and this southern extension will be tested by drilling. A RC
drill rig has been mobilised to the 3K Hill prospect to drill a first phase of
30 RC drill holes on a 50m x 40m grid to a nominal 100m depth

Jeff Rayner, Managing Director of KEFI Minerals, commented:

"The new discovery at the 3K Hill gold prospect has returned exceptional trench
channel sample results, in a short time from the initial rock chip sampling,
and is indicative of the underlying potential and prospectivity of the Jibal
Qutman Licence. RC drilling has commenced on 3K Hill and we will shortly have 3
RC rigs in operation, further accelerating our drilling at the Main, West and
South Zones. We are also looking forward to trench and eventually drill the new
areas of high grade gold in rock chip samples elsewhere in the Licence."

 Trench Number      Sample     Au g/t   Zone  
                 interval (m)                 
                                              
    JQT009            80        1.88   3K Hill
                                              
   Including          24        4.28   3K Hill
                                              
    JQT010            40        0.74   3K Hill
                                              
    JQT007            15        1.05   3K Hill
                                              
      and             40        4.40   3K Hill
                                              
   including          23        6.67   3K Hill
                                              
    JQT006            41        1.56   3K Hill

Mapping and sampling elsewhere on the Jibal Qutman Licence has returned rock
chip results 19.1g/t Au, 16.4g/t Au and 6.4g/t Au from an area 2km north of the
3K Hill prospect; 17.6g/t Au from an area 1.2km north of the Main Zone; and
8.1g/t Au and 8.0g/t Au from an area 600m east of the JORC Inferred Resource of
313,000 oz Au (from the Main, South and West Zones) at Jibal Qutman. Trenching
over these areas is planned to continue in June 2013.

RC drilling has been limited to just one drill rig since May 2013 however the
second RC rig's major repairs are complete and it is now back drilling in the
project area. A third RC rig ordered from the UK, is now in Jeddah Port,
awaiting customs clearance.

Best RC intercepts, not reported previously from the drilling at the West and
South Zones, include, 10m at 3.51g/t Au, 9m at 3.16g/t Au and 14m at 1.03g/t
Au. The Inferred Resource published on 30th May 2013, incorporates RC drill
hole data only up to hole JQRC042.

An updated Resource estimate will be performed later in July, or August 2013.

Hole No  From   To (m)  Interval Au g/t   Zone  
          (m)             (m)                   
                                                
JQRC026    3      12       9      0.68    West  
                                                
   &      39      44       5      0.93    West  
                                                
   &      73      84       11     0.75    West  
                                                
JQRC028   61      72       11     0.70    West  
                                                
JQRC029   16      42       26     0.66    West  
                                                
JQRC031   87      96       9      1.02    South 
                                                
JQRC033   28      37       9      1.11    South 
                                                
   &      44      53       9      3.16    South 
                                                
JQRC035   71      89       18     0.76    South 
                                                
JQRC040   32      35       3      1.72    West  
                                                
   &      76      80       4      1.72    West  
                                                
JQRC042   60      65       5      1.02    West  
                                                
JQRC048   34      48       14     1.03    West  
                                                
JQRC049   56      60       4      1.07    West  
                                                
   &      63      70       7      1.07    West  
                                                
JQRC050   42      51       9      0.51    West  
                                                
JQRC051   55      64       9      0.91    West  
                                                
JQRC052   62      68       6      0.96    West  
                                                
JQRC053   48      58       10     3.51    West  

KEFI' Strategic Plan in the Kingdomof Saudi Arabia

Ä°n 2009, KEFI formed the Gold and Minerals Joint Venture ("G&M") in Saudi
Arabia with local Saudi partner Abdul Rahman Saad Al-Rashid & Sons Company
Limited ("ARTAR"), to explore for gold and associated metals in the Arabian
Shield. To date, the G&M has conducted preliminary regional reconnaissance and
lodged 23 Exploration Licence Applications (ELAs), of which 4 have been
granted.

The ELAs were initially applied for and granted to ARTAR. Incorporation of G&M
has been completed and any granted Licences will be transferred into G&M in due
course.

The Kingdom of Saudi Arabia has instituted policies to encourage minerals
exploration and development and KEFI Minerals supports this priority by serving
as the technical partner within G&M. ARTAR also serves this Government policy
as the major partner in G&M, which is one of the early movers in the modern
resurgence of the Kingdom's minerals sector.

                                    -Ends-                                     

Enquiries

                                                                               

KEFI MineralsPlc

Jeffrey Rayner [phone]

Fox-Davies Capital

Susan Walker [phone]

Bishopsgate Communications

Nick Rome [phone]

References in this announcement to exploration results and mineral
resourceshave been approved for release by Mr. Jeffrey Rayner. Mr Rayner is a
geologist and has more than 25 years' relevant experience in the field of
activity concerned. He is a Member of the Australasian Institute of Mining and
Metallurgy (AusIMM) and has consented to the inclusion of the material in the
form and context in which it appears.

Further information on KEFI is available at www.kefi-minerals.com